Fidelity High Yield Factor ETF (NYSEARCA:FDHY – Get Free Report)’s share price reached a new 52-week low on Monday. The company traded as low as $47.99 and last traded at $48.00, with a volume of 12840 shares trading hands. The stock had previously closed at $48.20.
Fidelity High Yield Factor ETF Trading Down 0.5%
The company has a 50-day moving average price of $48.87 and a 200-day moving average price of $48.99.
Hedge Funds Weigh In On Fidelity High Yield Factor ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Investors Research Corp purchased a new stake in shares of Fidelity High Yield Factor ETF during the 2nd quarter worth approximately $10,597,000. Strengthening Families & Communities LLC purchased a new position in shares of Fidelity High Yield Factor ETF in the 2nd quarter valued at $7,812,000. Moody National Bank Trust Division grew its position in shares of Fidelity High Yield Factor ETF by 1.8% in the 2nd quarter. Moody National Bank Trust Division now owns 118,644 shares of the company’s stock valued at $5,817,000 after buying an additional 2,112 shares during the last quarter. Geneva Partners LLC purchased a new stake in Fidelity High Yield Factor ETF in the first quarter valued at $3,402,000. Finally, Evergreen Private Wealth LLC boosted its stake in Fidelity High Yield Factor ETF by 2.5% in the first quarter. Evergreen Private Wealth LLC now owns 54,451 shares of the company’s stock valued at $2,643,000 after acquiring an additional 1,348 shares in the last quarter.
About Fidelity High Yield Factor ETF
The Fidelity High Yield Factor ETF (FDHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund using a quantitative screen to select high-yield bonds issued by US and foreign corporations. The fund seeks a high level of income, and may also seek capital appreciation. FDHY was launched on Jun 12, 2018 and is managed by Fidelity.
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